Visualize this scenario: After previewing several houses with your real estate agent, you’ve finally found the perfect house. A real estate contract has been drawn up and signed by you (the buyer) and the seller. But alas! You encountered a problem – your mortgage application was disapproved. Can you still get out of the real [...]
Archive for the ‘Legal’ Category
Convicted Felon Search Tips – Can You Find a List of Convicted Felons in Your Area?
December 22nd, 2011 
admin Does a list of convicted felons in your area exist? The answer is a yes. Some states and their counties usually have their database of convicted felons so that when someone looks for it, it will be immediately available. Some counties already have their own online site where you can easily log on to obtain [...]
Understanding Mineral Rights
December 17th, 2011 admin A mineral right is a right to extract a mineral from the earth or to receive payment, in the form of a royalty, for the extraction of minerals. “Mineral” has a different meaning depending on the context of how the word is used. However, in general, when referring to real estate transactions, a “mineral” generally [...]
Posted in Legal 
Tags: Different Meaning, Fractions, Gas Coal, Real Estate Transactions, Royalty 
No Comments »No Credit for Negative Equity in Michigan Divorce Cases
December 13th, 2011 admin The IssueThe married parties own a home or other real estate that has an appraised value that is lower than the amount of secured debt owed on the home. This is often referred to as being “upside down” on your home. If one spouse keeps the property in the divorce, can they request a credit [...]
Proposed HUD Rule Prohibits Seller – Financing Without Licence Except For Family Or Own Residence
November 17th, 2011 admin “The Secure and Fair Enforcement Mortgage Licensing Act of 2008 (SAFE Act), as a key component of the Housing and Economic Recovery Act of 2008 (Pub.L.110-289) enacted into law on July 30, 2008, directs all States to adopt licensing and registration systems for loan originators that comply with the minimum standards set by the SAFE [...]
New HUD Lawsuit Covers Familiar Ground
October 17th, 2011 admin At the end of May, the real estate world was rocked when HUD filed a lawsuit in the U.S. District Court for the Central District of California against several major real estate firms and a natural hazard disclosure reporting company alleging RESPA violations in connection with their former joint ventures.Although at the time, the industry [...]
Pushing Poor People Away
October 2nd, 2011 admin Why do many poor people live just outside of our towns and cities? Because we won’t let them live any closer. You see, low income residents are more likely to live in ugly homes and apartments. Other residents seek to ban such ugliness, and so attack the poor whether we – or they – realize [...]
Posted in Legal Tags: Apartments, Mobile Home Parks, Property Values, Substandard Housing, Townships No Comments »Man Ordered To Pay Ex-Wife For Her Share Of Marital Home Despite Collapse Of Real Estate Market
August 13th, 2011 admin DIVORCE JUDGMENT LANGUAGEOn April 7, 2011, the Michigan Court of Appeals decided a case that dealt with the interplay of the real estate market collapse and judgments of divorce. In the case of Neill /f/k/a Schmoke v Schomke, Docket No. 294878, unpublished, the husband agreed in the consent divorce judgment to a provision where he [...]
Posted in Legal Tags: Court Of Appeals, Defendant, Foreclosure, Judgments, Trial Court No Comments »Michigan Child Custody Lawyer – Many Different Types To Choose From
March 20th, 2011 admin Variety may not be the spice of the legal profession – but, yes, there are a few different types of a Michigan child custody lawyer. Here is how the family lawyer fraternity can be categorized into different types:A. Based on the firm’s sizeSole proprietorship: About 50% of family lawyers run a sole proprietorship – in [...]
Evicting Squatters – Knowing Your Rights
February 14th, 2011 admin It’s surprising when it happens. An absent property owner may be completely unaware that someone is living on his property. When a person lives on the property without having permission by the property owner, it’s known as “squatting.” In some cases, squatters have been known to live in unoccupied houses and buildings for years before [...]
Posted in Legal Tags: Civil Matter, Property Owners, Recommen, Squatter, Squatters Rights No Comments »